ChainCatcher reports that the Bitcoin-listed mining company MARA states that controlling key resources such as Bitcoin's block space and hash rate (the pillars of the network) could have a profound impact on the financial sovereignty of the U.S. and its ability to maintain global influence in the digital age. It calls for the U.S. government to take decisive action to address the challenges posed by Bitcoin and seize opportunities, while implementing the following strategic measures:
1. Create a U.S. Bitcoin strategic reserve. The U.S. should acquire Bitcoin as a strategic reserve asset. By holding Bitcoin, similar to the U.S. being a major holder of gold, the U.S. will ensure its transaction capacity when global confidence in the dollar wanes;
2. Invest in domestic Bitcoin mining. The United States should prioritize expanding its domestic Bitcoin mining operations to increase its share of global hash power. By controlling a larger portion of global hash power, the U.S. can ensure secure access to block space and protect its economic sovereignty;
3. Develop mining technologies to promote self-sufficiency. Encourage domestic production of mining hardware (ASIC chips) to reduce reliance on foreign suppliers. This will ensure that the U.S. is not dependent on critical infrastructure from hostile nations, thereby enhancing technological self-sufficiency and strengthening national security;
4. Implement supportive policies and regulations. Establish clear and comprehensive regulations to provide legal clarity for Bitcoin miners and investors. Providing incentives, such as tax breaks for incorporating renewable energy into mining operations, will further stimulate industry growth, technological advancement, and job creation;
5. Lead global Bitcoin standards. The U.S. should take a leadership role in establishing global standards for decentralized networks. By collaborating with allies and ensuring that Bitcoin remains a neutral, open, and secure platform, the U.S. can promote stability in global financial transactions and prevent the centralization of hash power by hostile nations;
6. Protect national security through hash power control. As competition in Bitcoin mining becomes more intense, controlling a significant amount of domestic hash power will protect the U.S. from foreign interference. Ensuring a strong share in global hash power can prevent hostile nations from censoring or delaying U.S. transactions, which could have serious economic repercussions.
